Khosla Ventures’ Keith Rabois is back as chairman at Opendoor, and he doesn’t understand why the company’s workforce has gotten so “bloated.”

Rabois, who cofounded the online residential real estate marketplace a decade ago, rejoined the board earlier this month along with his cofounder Eric Wu and promised to bring back “ founder DNA ” to a lackluster Opendoor.

Part of Rabois’ revival plan includes taking a closer look at the company’s workforce, which has gotten too large, Rabois told CNBC .

“There’s 1,400 employees at Opendoor. I don’t know what most of them do. We don’t need more than 200 of them,” Rabois said.

Founded in 2014, Opendoor helps people buy and sell their homes online and eliminates the need for a real estate agent by combining the buying, selling, and closing pr

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